Kevin O'₿rien

Founder of Verdicti Ventures 🧠 🔭 A Strategic Partner for Digital Asset Growth, Angel and AI-Enabled Business Operations

[𝗕𝗮𝗻𝗸XRP @BankXRP]

JUST IN: Taiwan's Legislative Yuan passes the Virtual Asset Services Act, establishing the country's first comprehensive crypto regulatory framework with the FSC as regulator.

[Shanaka Anslem Perera ⚡ @shanaka86]

It is illegal in America for a stablecoin to pay you interest. The issuer takes your dollars, earns the yield, and a 2025 law bars it from passing you a cent. So on June 30th, 140 of the largest companies on earth announced a coin built to capture that yield for themselves.

Start with the prize. A stablecoin is a dollar you swap for a token. The issuer parks your dollar in Treasury bills at 4 to 5 percent and keeps the interest. Tether did this so well it cleared about 13 billion dollars in 2024, one of the highest profits per employee in business history, and now holds roughly 141 billion in US Treasuries, the 17th largest holder of US government debt on earth. It charges no fees and pays holders nothing. The float is not part of the business. It is the business.

The part that rewrites the story is the law itself. The GENIUS Act, signed July 2025, makes it unlawful for a stablecoin issuer to pay interest to the people holding the coin. But it binds only the issuer. Route the same yield to a partner or an exchange, and the statute goes silent. That gap is the entire design of Open USD. It mints and redeems free and sends the reserve income to the 140 partners who drive adoption, names like Visa, Mastercard, Stripe, BlackRock, Coinbase and American Express. Not to you. You are barred from earning it by law. They are not.

So this is not democratizing the float. It is the loophole, industrialized. These same firms are already inside the old game. BlackRock manages Circle's reserves. Coinbase already collects a slice of Circle's interest that grows with how much of its stablecoin sits on Coinbase. They are not disrupting the incumbents. They are scaling the trick and keeping the yield among themselves.

None of this touches Tether yet. It sits offshore, beyond GENIUS, with 570 million users and an emerging-market moat no US consortium reaches, and it is launching a compliant US coin of its own. Open USD is a day old, not live, and it is plumbing, not a token to buy. Anyone selling you "OUSD" today is selling a scam.

But strip the press release and the structure is bare. A law decided you cannot earn the interest on your own dollars. The biggest firms in finance just built the machine to earn it instead.

[Kevin O'₿rien @kevsplanet]

@alexolim_ MRR

[RWA Foundation @RWAFoundation_]

Tokenized Credit map

1. Private Credit
@FalconXGlobal
@pactfinance
@maplefinance
@KAIO_xyz
@Securitize
@centrifuge
@R25Official
@MuDigitalHQ
@razefinance
@paretocredit
@credilabs
@MidasRWA
@stokr_io
@ValinorDigital
@IsleFinance
@YieldNestFi
@FasanaraDigital
@RialoHQ
@Figure
@csigmafinance
@goldfinch_fi
@alpha_ledger
@ClearpoolFin
@KasuFinance
@ZivoeProtocol
@Tulpea_org
@blackopal_fi
@gaib_ai

2. Asset-Backed Credit
@HastraFi
@maplefinance
@MidasRWA
@NestCredit
@SivoDefi
@opentrade_io
@rivool_finance
@stabletweets
@trystable
@liqvid_xyz

[Paul Frambot 🦋 @PaulFrambot]

One of the next frontiers for onchain lending will be privacy: the ability for institutions to allocate, earn, and manage positions without showing their strategy to the entire market.

Today we announce with @Zama the launch of the first confidential vault: confidential USDC can be deposited into Morpho Vaults, allowing institutions to earn yield on their stablecoins without exposing their positions.

[Okara @askOkara]

Today we're introducing the world's first influencer Agent.

Tell it what you want to promote and it finds creators, reaches out, manages campaigns, handles payments, and gets content live.

Try it now at https://t.co/wCCFZ64pcP

[Alex Thorn @intangiblecoins]

the SEC just proposed rescinding Rule 611 of Reg NMS, the trade-through rule that has defined US equity market structure since 2005

this is a tradfi story, yes, but this is also one of the biggest unlocks yet for tokenized stocks 👇

[Finn Mallery @fin465]

everyone's sleeping on how absurdly good 2026 is to start a company (even compared to 2024)

one person can now:

- ship full apps without engineers (cursor, replit)
- design without being a designer (v0, Claude Design)
- turn one video into 10 clips (opus, descript)
- push those clips to millions (X, Linkedin, TikTok)
- replace a support team (chatbase, intercom)
- literally watch exactly what their users do (Posthog)
- find + target perfect leads on autopilot (origami)

This is such a rare window. I just can’t imagine it being this easy ever again

[The Kobeissi Letter @KobeissiLetter]

Another record has been set.

The US stock market cap-to-GDP ratio is up to a record 238%.

This comes as the stock market's value surged to an all-time high of $75.7 trillion, far exceeding the ~$31.8 trillion size of the US economy.

This ratio has surged +38 percentage points since the March 30th bottom in the S&P 500.

This metric is also now +90 percentage points above the 2000 Dot-Com Bubble peak of ~148%.

Since the 2008 Financial Crisis, the US stock market has grown at 5x the rate of the underlying economy.

Asset owners are winning more than ever.

[Kevin O'₿rien @kevsplanet]

@blockchain_irl @BrianElders Good stuff @BrianElders

[Elton @eltoniselton]

a sneak peak into our next report on tokenized US funds

> $14.2B total AUM across 48 products
> 8x growth in 24 months (2/3rd in 2026)
> 39,316 distinct holder wallets

top issuers
> Hashnote $2.96B
> Ondo $2.84B
> Franklin Templeton $2.49B
> BlackRock $2.43B

top chains
> Ethereum (50%)
> BNB Chain (22%)
> Stellar $1.31B (9%)

[Mason Nystrom @masonnystrom]

Private credit is one of the most exciting areas of tokenization because it has the potential to bring more real yields to defi, creating a less reflexive onchain economy in favor of one tied to the broader economy.

It's on the fastest growing tokenized asset classes for a reason.

If you're building in this space, my DMs are open.

[Carl Vogel @CarlKVogel]

https://t.co/9cfgBciAsR

[Our Crypto Talk @ourcryptotalk]

The AI Market Has 10 Lanes.

Here's Who Owns Each One 👇

Oracles & Real-World Data (30%)

• LINK - Oracle data feeds CCIP
• TRAC - Decentralized knowledge graph
• ARKM - Onchain intelligence data

Decentralized AI Networks (15%)

• TAO - Subnet intelligence marketplace
• FET - Autonomous economic agents
• AGIX - Decentralized AI services

AI-Native L1s (15%)

• NEAR - User-owned AI chain
• ICP - Onchain AI compute
• 0G - Modular AI L1

Compute & GPU (6%)

• RENDER - Decentralized GPU rendering
• AKT - Open compute marketplace
• ATH - Enterprise GPU cloud
• IO - Aggregated GPU network
• GLM - P2P computing power

AI Agents & Frameworks (3%)

• VIRTUAL - Agent launchpad ecosystem
• KAITO - AI-powered crypto intelligence
• AIXBT - Agent-driven market analysis
• ARC - Agent rig framework

Data Layer for AI (3%)

• GRT - Blockchain data indexing
• GRASS - AI scraping training data
• VANA - User-owned data networks
• OCEAN - AI data marketplace

Agentic Payments & Infra (3%)

• KITE - Agentic payment rails
• PIPPIN - Agent identity layer
• SAHARA - Decentralized AI infrastructure

Decentralized Inference (2%)

• VVV - Private uncensored inference
• NOS - Community GPU inference
• RLC - Confidential compute marketplace

Storage & Permanence (1%)

• AR - Permanent onchain storage
• THETA - Video AI storage CDN
• AO - Decentralized supercomputer

AI IP & Creative (1%)

• IP - Programmable IP layer
• HOLO - AI character creation
• CGPT - AI content generation

10 lanes. One map.

[Kevin O'₿rien @kevsplanet]

Awesome read and why until we have a ground up digital first system in Finance, there is going to be a decade at least of asset movement frameworks that still need to be accounted for between off-chain and on-chain representations

[Mike Rogers, CPA @MillennialMike7]

https://t.co/QorQUZpTQi

[Rand Group @randgroup]

Top 10 #RWA Projects by fees collected in April

[a16z crypto @a16zcrypto]

Tokenized “real-world” assets (RWAs) have surged 10x in two years, now topping $30B — with nearly half held in U.S. Treasury debt.

The growth reflects rising institutional demand to put traditional financial instruments onchain, from government bonds and commodities to equities and private credit. While U.S. Treasuries dominate today, the asset class is broadening, with more categories gaining meaningful share in recent quarters.

Note: RWAs are traditional financial instruments such as government bonds, commodities, and equities that are represented onchain as tokens.

[Bitwise @Bitwise]

Banks and crypto: better together.

[Presearch @presearchnews]

Today Presearch is already:

- Top 100 Web3 projects by revenue
- Top 50 most visited crypto sites outside exchanges

But the network is only just entering its real commercialization phase.

[Brian Halligan @bhalligan]

I don't remember where I found this, but its spot on.